USAPonzi Fraud Status April 15, 2016
April 15, 2016
As Posted on www.usaponzi.com
National Debt: $19.2 Trillion
GAAP Deficit in FY2016: $5.79 Trillion
US Unfunded Future Liabilities: $82.6 Trillion
US Unfunded Liabilities (GAAP): $101.8 Trillion
Imaginary-counterfeit money: $101.8 Trillion
The U.S. Government is corrupt! The U.S. Government is "Cooking the Books" so that it can overpay the Government workers, overpay the social benefit recipients, and undertax the current U.S. taxpayers.
The U.S. Government has overpaid the Government workers by $19.2 Trillion; our National Debt.
The U.S. Government has paid the social benefit recipients much more than the U.S. taxpayers can afford.
The U.S. Government has taken $5.3 Trillion from the social benefit trust fund to help overpay the Government workers. There is NO MONEY in the social benefit trust fund! The U.S. Government claims that Social Security is in good shape for the next few years but there is NO MONEY left in the social benefit trust fund to pay these future promises; the U.S. Government has already spent every penny.
The U.S. Government has underfunded the future social benefits, pensions, and veterans benefits promises by $82.6 Trillion; our US Unfunded Future Liabilities.
The U.S. Government has undertaxed the U.S. taxpayers by $101.8 Trillion; our US Unfunded Liabilities (GAAP). This has made the U.S. citizens and businesses appear to be richer by $101.8 Trillion. This GAAP basis deficit spending has introduced $101.8 Trillion of imaginary-counterfeit money into the global economy and financial system (See The Theory of Imaginary Money).
The U.S. Government has deferred $101.8 Trillion of public liabilities to the future U.S. taxpayers.
The U.S. Government has given $101.8 Trillion of imaginary-counterfeit money to the U.S. citizens and businesses with GAAP basis deficit spending.
Most of this $101.8 Trillion of imaginary-counterfeit money has been given to U.S. upper class.
This $101.8 Trillion windfall, most of which has been given to the U.S. upper class, is THE REASON for the now huge "Wealth Gap".
The U.S. Government is "cheating the rest of the planet" by giving U.S. citizens and businesses $101.8 Trillion of imaginary-counterfeit money.
The rest of the planet is getting ripped off by this USAPonzi Fraud!
The U.S. Government is "cheating the Common Man" by overpaying the Government workers by $19.2 Trillion and underfunding the social benefit promises by $82.6 Trillion.
The U.S. Common Man is getting ripped off by this USAPonzi Fraud!
The U.S. Government is favoring the Government workers by overpaying them by $19.2 Trillion.
The U.S. ruling class is feathering its own nest with this USAPonzi Fraud!
The U.S. Government is dramatically favoring the U.S. upper class by undertaxing the U.S. citizens and businesses by $101.8 Trillion.
The U.S. upper class is getting filthy rich from this USAPonzi Fraud!
The U.S. Government is "cheating the future generations of Americans" by deferring $101.8 Trillion of public liabilities to the future U.S. taxpayers.
USAPonzi is allowing the current U.S. citizens to acquire and spend the future U.S. citizens' money; $101.8 Trillion so far and $15.9 Billion more every day (GAAP Deficit in FY 2016 of $5.79T/365 = $15.9B).
Everybody in the global upper class is appearing to get rich from this U.S. Government fraud that is "borrowing" imaginary-counterfeit money from the future U.S. taxpayers;
Warren Buffett, Carlos Slim, Vladimir Putin, the Saudi princes, Bill Gates, Tiger Woods, Donald Trump, the Queen of England, Michael Jordan, the Walton family, Rex Tillerson, Jerry Jones, Tony Romo, Larry Ellison, Hillary Clinton, Jim Cramer, Jamie Dimon, Angelo Mozilo, Bill Clinton, El Chapo, joe blow, and everybody else in the global upper class.
When the U.S. Government is creating imaginary-counterfeit money out of "thin air" at an accelerating rate, everybody can seem to get rich. $101.8 Trillion is actually a lot of money! Too bad it isn't real money.
USAPonzi, "The Ultimate Government Fraud" is
"The Biggest Ponzi Scheme on the Planet"!
You can learn more about this massive U.S. Government fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi: The Ultimate Government Fraud" which is available on Amazon. This book can also be read directly from my website in PDF format.
The financial data presented in this commentary was sourced from www.usdebtclock.org as of April 15, 2016.